Nielsen Hldg Downgraded to “Underperform” at Zacks (NLSN)
Nielsen Hldg (NASDAQ:NLSN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday. They currently have a $44.10 price objective on the stock. Zacks‘s price objective suggests a potential downside of 4.90% from the company’s current price.
In other Nielsen Hldg news, EVP Itzhak Fisher sold 26,835 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $47.71, for a total value of $1,280,297.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Nielsen Hldg (NASDAQ:NLSN) opened at 46.37 on Friday. Nielsen Hldg has a 52 week low of $32.40 and a 52 week high of $49.61. The stock has a 50-day moving average of $48.08 and a 200-day moving average of $46.14. The company has a market cap of $17.634 billion and a price-to-earnings ratio of 43.50.
Nielsen Hldg (NASDAQ:NLSN) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, analysts predict that Nielsen Hldg will post $2.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 11th. Shareholders of record on Thursday, August 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.16%.
Other equities research analysts have also recently issued reports about the stock. Analysts at BMO Capital Markets raised their price target on shares of Nielsen Hldg from $45.00 to $48.00 in a research note on Thursday. Separately, analysts at FBR Capital Markets raised their price target on shares of Nielsen Hldg from $51.00 to $55.00 in a research note on Thursday. Finally, analysts at RBC Capital raised their price target on shares of Nielsen Hldg from $49.00 to $52.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.55.
Nielsen Holdings NV is a Netherlands-based company engaged in information and measurement services. The Company, together with its subsidiaries, delivers media and marketing information, and analytics on a global and local basis.
To view Zacks’ full report, visit Zacks’ official website.
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